Downtown Green Bay Inc
- Assets
- $667.0k
- Revenue
- $922.7k
- Investments
- $0.0
- Employees
- 28
- Location
- Green Bay, WI
- Founding
- 08/1998
- Data as of
- 12/2023
- EIN
- 39-1858389
Organization Overview
Downtown Green Bay Inc is located in Green Bay, WI. The organization was established in 1998. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. As of 12/2023, Downtown Green Bay Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Green Bay Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Downtown Green Bay Inc generated $922.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $948.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DGBI WORKS TO REVITALIZE THE SOCIAL AND ECONOMIC CLIMATE OF DOWNTOWN GREEN BAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKETING - THE GOAL OF THE MARKETING DEPARTMENT IS TO BUILD GENERAL AWARENESS OF ALL ASPECTS OF THE DISTRICT INCLUDING BUSINESS DEVELOPMENT, PHYSICAL IMPROVEMENTS, EVENTS, ATTRACTIONS, SHOPS, AND RESTAURANTS USING PRINT, DIGITAL AND SOCIAL MEDIA ADVERTISING. MARKETING EFFORTS ARE TARGETED AT BUSINESS OWNERS, RESIDENTS, COMMUNITY MEMBERS, AND TOURISTS. THE EXPLORE GUIDE HELPS PROMOTE BUSINESSES IN THE DOWNTOWN GREEN BAY DISTRICT.
EVENTS INCLUDE SATURDAY FARMERS MARKET, WHICH IS A 23 WEEK SERIES OF SATURDAY MORNING MARKETS FEATURING LOCAL FARMERS AND OTHER CRAFTSMAN HELD IN THE HEART OF DOWNTOWN GREEN BAY. OTHER COMMUNITY EVENTS INCLUDE THE HOLIDAY PARADE, ART FEST GREEN BAY, HOLIDAY LIGHTING, PEACETREE EVENT AND SMALL BUSINESS SATURDAY.
PHYSICAL IMPROVEMENTS - DGBI CONTINUES TO POSITIVELY IMPACT THE FIRST IMPRESSION DOWNTOWN FOCUSING ON CLEANLINESS, LANDSCAPING, AND STREETSCAPE IMPROVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashok Rai Member | Trustee | 2 | $0 |
Greg Babcock Member | Trustee | 2 | $0 |
Brad Toll Member | Trustee | 2 | $0 |
Steve Vanlaanen Member | Trustee | 2 | $0 |
Ryan Kuehn Co-President | OfficerTrustee | 2 | $0 |
Jennifer Vander Zanden Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $97,031 |
| All other contributions, gifts, grants, and similar amounts not included above | $287,456 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $384,487 |
| Total Program Service Revenue | $511,195 |
| Investment income | $16,067 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,865 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $922,654 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,000 |
| Compensation of current officers, directors, key employees. | $46,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $288,357 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,977 |
| Payroll taxes | $29,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,656 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $205 |
| Advertising and promotion | $56,457 |
| Office expenses | $22,155 |
| Information technology | $2,489 |
| Royalties | $0 |
| Occupancy | $14,275 |
| Travel | $3,709 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,549 |
| Insurance | $9,343 |
| All other expenses | $0 |
| Total functional expenses | $948,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,433 |
| Savings and temporary cash investments | $386,781 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,649 |
| Net Land, buildings, and equipment | $158,522 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $266 |
| Other assets | $48,326 |
| Total assets | $666,977 |
| Accounts payable and accrued expenses | $29,695 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $49,532 |
| Total liabilities | $79,227 |
| Net assets without donor restrictions | $548,166 |
| Net assets with donor restrictions | $39,584 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $666,977 |